Uniswap and MemeCore Lead Crypto Market Trends Amid Contrasting Fortunes

The crypto market is witnessing two contrasting trends at present. Uniswap and MemeCore are showing significant strength, but their recent movement has largely already happened.

MemeCore's price has surged by 11.2% over the last 24 hours, reaching near $1.13. This increase coincides with a recovery in the wider memecoin market, which added $23 billion to its total market value. The open interest for MemeCore climbed 9.4% to $25.66 million, and long positions surpassed shorts, indicating that traders expect further gains.

Buyers are now watching the $1.7 level, which aligns with the 50-day EMA. A move above this area could bring more strength for MemeCore. However, the RSI remains near 47, suggesting that the recovery is not yet fully confirmed. If demand weakens, the MemeCore price may return towards the $1.10 support area.

Uniswap's price has also gained traction due to its Permissioned Pools launch on v4. This feature allows regulated tokenized securities to trade between approved users while keeping open pools available for regular DeFi participants. From a technical perspective, UNI is holding above the 20-day, 50-day, and 200-day moving averages, indicating positive momentum across different periods.

However, the RSI has reached 74.47, suggesting that Uniswap may be overbought and could experience a short cooling phase. Over the past three months, the Uniswap price has increased more than 200%, meaning a significant part of its current movement may already be completed.